New Rockford Transcript - Official Newspaper of Eddy County since 1883

Don't import foreign price controls- break them

 

January 14, 2019



Americans are justifiably angry that we pay the highest prescription drugs prices in the world; anger President Trump tapped into on the campaign trail.The disparity exists because other rich countries use price control schemes, forcing American consumers to provide the returns on capital that justify the enormous research and development costs associated with bringing new cures to market.

The rest of the world free-rides on our innovation.

The good news is that the Trump administration has been aggressive on the trade front in efforts to break foreign price control regimes.The bad news is...



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